Oil Spill Crude Disaster
BP back in profit for Q3
Posted: Nov 2, 2010 8:36 AM by Nichole Larkey
LONDON (AP) - BP PLC has returned to profit in the third quarter as it recovers from the impact of the Gulf of Mexico oil spill.
The company on Tuesday reported a net profit of $1.79 billion, compared to a loss of $17.2 billion in the second quarter.
Replacement cost profit - a key industry benchmark - was $1.85 billion, compared to a loss of $17 billion in the second quarter.
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